Concrete Products

MAR 2016

Concrete Products covers the issues that attract producers of ready mixed and manufactured concrete focusing on equipment and material technology, market development and management topics.

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24 • March 2016 NEWS SCOPE BY DON MARSH A year after management outlined a proposed split into two public companies, W.R. Grace & Co. in Columbia, Md., completed the separation of its namesake business from a new entity, GCP Applied Technologies Inc. The latter was officially formed Feb- ruary 3 in a distribution of new GCP stock, at 1:1 ratio, to W.R. Grace shareholders. Cambridge, Mass.-based GCP Applied Tech- nologies' two global businesses, concrete admixture mainstay Grace Construction Products and Darex Packaging Technologies, have 2,800-plus employees in locations on six continents, and serve customers in more than 110 countries. "As an independent company, GCP Applied Technologies will grow by focusing on quality products and services in the con- struction and packaging segments we serve," says President and CEO Gregory Poling, citing as growth drivers, "a combination of new technologies, geographic expansion and complementary acquisitions that support our customers worldwide." The day after the GCP stock issuance, he and colleagues assembled on the main trading floor balcony to ring New York Stock Exchange Opening Bell. W.R. Grace now encompasses Catalysts Technologies and Materials Technologies operating segments. "We are as confident as ever that the separation will create value for our shareholders and sharpen strategic focus on our customers," notes Chairman and CEO Fred Festa, acknowledging the Grace and GCP-bound employees "who worked so diligently to complete this complex process within the one year timeline we planned." W.R. Grace heritage business split repackages Grace Construction Products CEO Gregory Poling opens trading the frst day GCP Applied Technologies stock was listed on the Big Board. Upon the February 2015 decision to split the enterprise, directors designated Poling, then W.R. Grace presi- dent and chief operating offcer, to lead the new entity spanning Grace Construction Products and Darex Packaging. GCP Applied Technologies' launch on Wall Street dovetailed World of Concrete 2016 in Las Vegas, where the company unveiled new graphics and branding. A Kenworth T880-mount- ed Beck Industrial mixer, set for delivery to Ratliff Ready-Mix of Waco, Texas, anchored the booth. The truck bears GCP's Verif (right), an on-board system automating admixture dosing and mix adjustments for loads in transit. NYSE OPENING BELL PHOTO: GCP BOOTH PHOTO: Concrete Products

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